Posted on 10/05/2018 7:31:10 AM PDT by SeekAndFind
LOL. Would you have enough left over to feed the dog his dinner?
LOL. For your illegal business tenant? Or just in case you need a booby hatch to escape?
I did not make a typo.
For every 100 sq ft., we pay $1000 in property tax.
I have posted countless times on this. We used to pay about 2 weeks of income for taxes (that’s out in the country, no city taxes) but today we’re paying over 3 months of income. It’s a nothing exciting old house, 3 bd/2 b and no repairs have been done in years because every dime goes to taxes. The next door neighbor can’t retire and his wife delayed her retirement in order to stay in their late sixties wood frame house. At one time exactly half the houses on our street were up for sale due to the taxes. Most were bought up by Austinites for vacation homes which have raise our appraisals to stupid high prices. Most houses here started out as country retirement cabins but investors come in and add on which doesn’t help us life long residents. This was my family’s home and was supposed to be our retirement home. So much for that dream.
You’d be extremely lucky to get that much space in Austin for just 200k.
Maybe 300k.
Maybe.
To let in the 64 high school conquests.
Wow, I didn’t know that. They don’t reassess properties in CA? They do that in NYS. Can’t raise the tax rate? Just jack the assessment. Proper owners are screwed either way
Property taxes are the devil. They have to be one of the most communist ideas we have in this country. People just don’t seem to realize that in our “free” country you cannot, under most circumstances and in most states, own property.
Yep, and it’s not just Austin. Williamson County property taxes are high and getting higher.
NO STATE INCOME TAXES......
Brown has a proposition on the November ballot to carve up Prop 13.
I know he is after that tax structure....
RE: NO STATE INCOME TAXES......
As far as I know, there are only 7 states with no personal income tax and Tennessee isn’t one of them.
These are, Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming.
Residents of New Hampshire and Tennessee are also spared from handing over an extra chunk of their paycheck, though they do pay tax on dividends and income from investments.
In Western MA, it gets you a small house in a good town, or a bigger house in a crappy town. Buy the small one...the schools will keep your value afloat.
I suspect high taxes were part of the reason the Baptist church gave away hundred of acres to some Katrina trash. Yeah, churches aren’t taxes but they were close to getting some of the land not hidden under “church” and had already sold off a huge portion of the ranch acreage. The Katrina bunch are building new homes left and right on the land and declaring them pastor houses. Really? Just how many “pastors” does one small church need? Oh, Uncle Billy needs a house, build him one on church land. Oh, Aunt Betty needs a house so lets name her a church elder. Oh, Cousin Bubba wants to move his brood here so we’ll name him the church grounds keeper and build him a nice new brick home on church land (much nicer than my dump). All tax free. BTW, the land is in the PRIME taxing area of the county.
The big plus is people can stay in their homes.
The big minus is people cannot move to a similar home in another location because their tax would double, triple, quadruple or more. So people are "trapped" in their homes (even with two front doors they can't get out) -- they cannot afford to move.
A state law was passed that gives homeowners who are least 55 a once-in-a-lifetime chance to transfer the property tax base from their primary residence to one of equal or lesser value. This lets longtime homeowners who have a low property tax assessment thanks to Proposition 13 avoid a potentially steep tax increase, even on a cheaper home. However, the replacement home must be either in the same county as their current home or in one of 11 counties that accept intercounty transfers of property tax assessments. El Dorado County is one of them. In the Bay Area, only San Mateo, Santa Clara and Alameda counties participate.
As you would imagine, counties do not want an influx of people bringing their low property tax with them. Who would a county want to buy a house? A retired couple bringing their $2,000 per year Prop-13-protected tax rate with them? Or a new young couple buyer who would pay $8,000 per year? So not many counties participate in the program. Some that did quit participating when they realized what was happening.
Oh my!!!!! I’m really sorry to hear how expensive this is! Really makes no sense to charge such high taxes. I thought my property tax here in California was steep!!!
Round Rock is much nicer and taxes are so much lower than Austin, total housing costs are lower.
thanks for that. I know\knew nothing about taxes comparison-wise.
I know it depends where in austin proper you live.
My daughter’s husband owned a home in an older area of austin where houses were small and older and 3 bedrooms with either a carport or a detached garage. Grand kids were born there.
Her husband bought it early cause he could see the area becoming hot and darned if it didn’t became hotter than a pistol....young couples buying the properties as tear downs.
My daughter’s family did a large addition and then they sold and moved to Round Rock.
Nice area. They were able to buy a better\newer\larger house for less money.
They’ve since moved on....
Hmmm, the assessor’s office didn’t have a problem fixing the sudden increase in sq ft. Gonna keep an even closer eye on them and see what else they fudge on. They’ve had a shed on for years that was was destroyed by a tree. Their excuse is we haven’t torn down the 2 remaining sides and one of those goes to the other shed so really only one side is still up. Oh, 25 years ago they made us count the laundry room (no closet) as a bedroom because it was “large” enough for a small bedroom. There’s no trying to get the taxes down.
Phoenix Area: My daughter bought a new build 1400 sq ft home on a small but not ridiculously small lot for about $210,000. She’s WAY OUT in the southeast valley, has a 50 minute or more commute. In order to get a new home in her price range, she couldn’t live in the central part of the Phoenix valley.
It’s a very basic home, has a “great room” instead of a dining room or family/TV room, has a kitchen table nook, two bathrooms and three bedrooms, two car garage, small back patio, base level carpet and floor tile. A few little extras: dual pane windows, extra insulation, high efficiency heat pump, no fireplace, basic granite kitchen counter tops.
Mr. Roo Roo and I live in south Tempe, a more expensive part of Tempe to live in. We’re also located in an area which has the best public school systems in the state. We have 2000 square feet a decent-sized lot, 3 bedrooms, two baths, kitchen nook and formal dining room, large living room and large TV room, fireplace, very nice landscaping, two car garage. We re-did and upgraded the inside of the house with high end cherry cupboards, premium granite, premium fixtures and travertine tile throughout the house and new high end kitchen appliances. A realtor told us our house would sell for between $360k to $370 k.
What I like most about our house is..........it’s been PAID OFF since 2000, WHEE!!!
We pay about $2000 per year in property taxes.
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